The growing integration of solar energy solutions into commercial infrastructures for energy conservation and architectural optimization has led to an increase in demand for building integrated photovoltaic (BIPV) materials such as glass, which positively impacts market growth. According to a report by the US Department of Energy, building-integrated photovoltaic systems have the potential to supply up to 50% of the country's electricity needs. As the cost of photovoltaic modules continues to fall, there is an increasing demand for integrated glass yearly. Therefore, the market is anticipated to grow rapidly in the coming years due to the rising demand for these glasses that do not harm the environment.
Access Full Report at https://www.databridgemarketresearch.com/reports/global-bipv-glass-market
Data Bridge Market Research analyses that the Global Building Integrated Photovoltaics (BIPV) Glass Market is expected to reach USD 25,719.85 million by 2030, which was USD 17,145.2 million in 2022, registering a CAGR of 5.20% during the forecast period of 2023 to 2030. The increasing global focus on sustainability and reducing carbon emissions has driven the demand for renewable energy sources. BIPV glass offers a unique solution by seamlessly integrating solar panels into building structures, allowing for efficient generation of clean energy.
Key Findings of the Study
Favorable net-zero energy building initiatives is expected to drive the market's growth rate
Favorable net-zero energy building initiatives have become a priority for many countries and organizations aiming to achieve sustainable and energy-efficient built environments. BIPV glass is instrumental in this pursuit as it seamlessly integrates solar power generation into building structures. Utilizing BIPV glass, buildings can generate renewable energy on-site, offsetting the energy consumed and contributing to the goal of achieving net-zero energy status. This integration ensures a harmonious blend of functionality, aesthetics, and environmental responsibility in the construction industry's transition towards a more sustainable future.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Standard, Coloured), Technology (Crystalline, Thin Film, Mounting Systems), Module type (Monocrystalline, Polycrystalline, Thin Film, Others), Raw Material (Crystalline Silicon, Amorphous Silicon, Organic photo Voltaic Cell, Dye Sensitized Solar Cells, Cadmium Telluride, Copper Indium Gallium Selenide, Others), Appearance (Interior, Exterior), Glazing Type (Single Module, Double Module), Applications (Atriums, Canopies, Facades, Skylight or Solar Glazing, Others), End Users (Residential Buildings, Commercial Buildings, Institutional Buildings, Infrastructural Buildings)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Wuxi Suntech Power Co., Ltd. (China), Borosil Renewables Ltd. (India), Tesla (U.S.), TAIYO KOGYO CORPORATION (Japan), Onyx Solar Group LLC (Spain), AGC Inc. (Japan), Scheuten (Netherlands), First Solar (U.S.), SHARP CORPORATION (U.S.), GOODWE (China), Belectric (Germany), Carmanah Technologies Corp (Canada), Ertex Solar (Austria)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The global building integrated photovoltaics (BIPV) glass market is segmented on the basis of product, technology, module type, raw material, appearance, glazing type, applications and end users
- On the basis of product, the global building integrated photovoltaics (BIPV) glass market is segmented into standard, colored. Standard BIPV glass segment is expected to dominate the product segment of the market with a CAGR of 34.1% in the forecast period of 2023 to 2030 due to their widespread availability, established performance characteristics, and compatibility with existing systems. They offer a reliable and cost-effective solution for a wide range of applications.
- On the basis of technology, the global building integrated photovoltaics (BIPV) glass market is segmented into crystalline, thin film, mounting systems. Crystalline technology segment is expected to dominate the technology segment of the market with a CAGR of 35.6% in the forecast period of 2023 to 2030 due to its high level of effectiveness, dependability, and endurance. With ongoing improvements and economies of scale, crystalline technology presents a tried-and-true and reasonably priced solution for the production of solar energy.
In 2023, crystalline technology segment is expected to dominate the technology segment of the market
In 2023, crystalline technology segment is expected to dominate the technology segment of the market owing to its high efficiency, reliability, and long-term performance. With continuous advancements and economies of scale, crystalline technology offers a proven and cost-effective solution for solar energy generation with a CAGR of 35.6% in the forecast period of 2023 to 2030.
- On the basis of module type, the global building integrated photovoltaics (BIPV) glass market is segmented into monocrystalline, polycrystalline, thin film, others
- On the basis of raw material, the global building integrated photovoltaics (BIPV) glass market is segmented into crystalline silicon, amorphous silicon, organic photo voltaic cell, dye-sensitized solar cells, cadmium telluride, copper indium gallium selenide, others. Crystalline Silicon segment is expected to dominate the raw material segment of the market with a CAGR of 34.0% in the forecast period of 2023 to 2030 due to its abundance, high purity, and excellent electrical properties. It enables the production of efficient and reliable solar cells, making it a preferred choice for photovoltaic applications.
- On the basis of appearance, the global building integrated photovoltaics (BIPV) glass market is segmented into interior, exterior. Exterior segment is expected to dominate the appearance segment of the market with a CAGR of 33.3% in the forecast period of 2023 to 2030 due to its durability, weather resistance, and aesthetic appeal. It offers reliable protection and enhances the visual appeal of buildings, making it a preferred choice for architectural and construction applications.
In 2023, exterior segment is expected to dominate the appearance segment of the market
In 2023, exterior segment is expected to dominate the appearance segment of the market owing to its resilience to the elements and aesthetic appeal. It is a popular option for architectural and construction applications because it provides dependable protection and improves the aesthetic appeal of buildings with a CAGR of 33.3% in the forecast period of 2023 to 2030
- On the basis of glazing type, the global building integrated photovoltaics (BIPV) glass market is segmented into single module, double module. Single module segment is expected to dominate the glazing type segment of the market with a CAGR of 33.8 % in the forecast period of 2023 to 2030 due to its simplicity, ease of installation, and versatility. It provides a cost-effective solution for integrating photovoltaics into building facades, allowing for efficient energy generation and architectural design integration.
- On the basis of applications, the global building integrated photovoltaics (BIPV) glass market is segmented into atriums, canopies, facades, skylight or solar glazing, others
- On the basis of end users, the global building integrated photovoltaics (BIPV) glass market is segmented into residential buildings, commercial buildings, institutional buildings, and infrastructural buildings. Commercial buildings segment is expected to dominate the end user segment of the market with a CAGR of 34.7% in the forecast period of 2023 to 2030 due to their large-scale energy consumption and the potential for significant cost savings through BIPV glass installations. It offers a dual benefit of renewable energy generation and improved energy efficiency for commercial spaces.
Major Players
Data Bridge Market Research recognizes the following companies as the major global building Integrated photovoltaics (BIPV) glass market players in global building integrated photovoltaics (BIPV) glass market are Onyx Solar Group LLC (Spain), AGC Inc. (Japan), Scheuten (Netherlands), First Solar (U.S.), SHARP CORPORATION (U.S.)
Market Development
- In 2021, Meyer Burger, a manufacturer of PV modules in Switzerland, has acquired the rights to broaden its line of business to include BIPV systems. The business will offer solar panels for roofs. At the 2021 smarter-E-Europe trade show, they displayed their first home-made solar tiles. In the second half of 2022, the first delivery to the customer is anticipated.
- In 2020, To develop the market for organic photovoltaic (OPV) thin-film material with cladding for building façades, True Metal Solutions (TMS), a building cladding fabricator, and NanoFlex Power Corporation (NFP), a developer of organic photovoltaic technology and high-efficiency photovoltaic power generation, formed a joint venture.
- In 2020, According to Onyx Solar Group LLC, COIMA used its photovoltaic glass facade system to transform the Gioia 22 tower into a significant corporate landmark. Technology using crystalline silicon is used to create photovoltaic glass. It will therefore generate enough energy to meet the typical requirements of 300 residential homes.
Regional Analysis
Geographically, the countries covered in the global building integrated photovoltaics (BIPV) glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Europe is the dominant region in global building integrated photovoltaics (BIPV) glass market during the forecast period 2023-2030
Europe dominates the BIPV glass market due to significantly reduced levelized cost of electricity (LCOE) of solar installations in the region. The decreasing LCOE has made solar energy more cost-effective, driving the adoption of BIPV glass. Additionally, supportive directives in the form of financial incentives provided by European governments have further stimulated market growth. These incentives encourage the installation of BIPV glass systems, reinforcing Europe's leading position in the BIPV glass market.
North America is estimated to be the fastest growing region in global building integrated photovoltaics (BIPV) glass market the forecast period 2023-2030
North America is poised to be the fastest-growing region in the BIPV glass market from 2023 to 2030. This can be attributed to the presence of regulations and supportive norms that promote the expansion of BIPV installations in industrial and commercial establishments. Additionally, the region benefits from the strong presence of major industry players who are actively driving innovation and market development. These factors combined are expected to propel the growth of the BIPV glass market in North America in the coming years.
For more detailed information about the global building integrated photovoltaics (BIPV) Glass Market report, click here – https://www.databridgemarketresearch.com/reports/global-bipv-glass-market
